Expect 2-5% of the purchase price for fees, title insurance, appraisal, etc.  

A closing statement (or settlement statement) summarizes all financial transactions of a home sale. It outlines the final purchase price, prorated property taxes, agent commissions, and loan payoffs. The bottom line reveals your exact net proceeds as the seller or the total cash needed to close as the buyer.

The summary is generally split into debits (costs/amounts owed) and credits (funds received/refunds). A standard closing statement summary for a home sale typically includes the following breakdowns:

 

Financial Summary 

Contract Sales Price: The total agreed-upon purchase price of the home.

Earnest Money Deposit: The initial good-faith deposit paid by the buyer, which is credited toward their purchase.

 

Seller Deductions (Costs)

Mortgage Payoff: The outstanding principal balance on your current mortgage.

Broker Commissions: The agreed-upon percentage (usually 5% - 6%) paid to the real estate agents.

Title & Escrow Fees: Costs for title insurance, settlement/closing fees, and notary services.

Transfer Taxes & Recording Fees: Government fees required to officially record the new deed and transfer ownership.

Prorated Property Taxes & HOA Dues: Any property taxes or homeowner association fees you owe for the days you owned the home during the closing month, which will be credited to the buyer.

 

The Bottom Line Due from Borrower: The final out-of-pocket cash the buyer must bring to closing (down payment + closing costs - earnest money).

 

Cash to Seller: The final net proceeds the seller will receive from the sale after all deductions and prorations have been settled.

To explore a detailed breakdown of a settlement statement, refer to the Consumer Financial Protection Bureau Sample Closing Disclosure for buyers, or use a general Title Company ALTA 

 

CREDITS. 

1. Purchase Price. 

2. Deposit (Earnest Money) Paid to: 

3. Principal amount of new 1st Loan Payable to: 

4. Princip...California DRE (.gov)

 

SETTLEMENT STATEMENT - Coast Cities Escrow

GROSS AMOUNT DUE FROM BORROWER: 400. 

 

GROSS AMOUNT DUE TO SELLER: 101. Contract Sales Price 401. Contract Sales Price 102. Personal...Coast Cities Escrow 

 

Updated May 25, 2026